So far, we are having a lower low and index has dipped below 1175.
S&P needs a move above 1194 to perhaps indicate a potential foe positive posture.
As long as index stays below 1185-1190, it is either declining or going sideways.
Remember the range targets I mentioned last post, they may come in play if index cannot get its act together soon.
Today we have a double POMO -- does anybody care? Is anybody still dancing the POMO dance?
You know what stock is up? IRE
Is that where POMO money goes?
Who cares and who knows? Pay attention to price levels and posture!
Have a Nice day!
S&P 500 – May 15, 2012 - Bottom Line: Long term trend is up. Mid-term trend is down. Short-term trend is down Weekly S&P stage is Late Advance (2-C) Daily S&P stage is Strong Decli...
1 year ago